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Monday, November 11, 2013

FBM KLCI - likely to stay range-bound


Stocks on Bursa Malaysia ended in negative territory last Friday on renewed worries that the US Federal Reserve would scale back its stimulus ahead of schedule, but the benchmark index managed to stay above the 1,800-point level. The FBMKLCI was 2.13 points or 0.12% lower at 1,804.48, after hovering between 1,800.95 and 1,807.23. On a weekly basis, the key index lost 5.93 points from previous week's 1,810.41. Gainers edged losers by 404 to 353, with 330 counters unchanged. Total volume stood at 1.924 billion shares worth RM1.902 billion against Thursday's 1.976 billion shares worth RM1.898 billion. Weekly total turnover fell to 7.72 billion shares worth RM7.35 billion from previous week's 8.97 billion shares worth RM9.35 billion. ...Read more>>

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